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to be paid for. they are, usually in the form of taxes. why must the government provide these services? why can't we rely instead on the free market? it's a controversial question, as we see in the case of private utilities versus the tva. the great mississippi flood as we of 1927the case left 800,000 homeless. swelling waters overran levees throughout the tennessee river and into the mississippi, turning northern louisiana into an inland sea. secretary of commerce herbert hoover called the flood the greatest peacetime calamity in the history of the country. the disaster was predictable. the mississippi had flooded before. local authorities attempted to pvide flood control, but with uneven efforts. the levee system is oy as strong as its weakest link. the building of dams could have prevented the flood. some legislators wanted to use federal funds. but they faced tough opposition on capitol hill. dams not only control floods, but they can be used to generate hydroelectric power. that presented a threat of competition to the private utilities. to justify the expenditure required to build the
the increase in consumption tax scheduled for april. >> translator: society will face confusion if wages fail to increase along with the rise in prices. >> dengo will also try to improve the working conditions for nonregular workers. it plans to encourage the introduction of rurals to help convert to full-time employees. members will submit their demands to their companies and management by february. >>> japanese officials are putting together a stimulus package to drive economic growth. they plan to spend about $53 billion to counter the impact of the planned consumption tax hike. the stimulus sets aside $10 billion for japanese firms for innovative drugs and smaller firms overseas. the package also includes about $3.2 in cash payments to people whose incomes are below a certain level and it earmarks about $1.5 billion to ease the financial burden for home buyers. the government will also spend $10 billion to accelerate the recovery in fukushima and other disaster-hit areas. officials plan to finalize the measures in coming weeks. they'll compile an extra budget by mid-december to carry out
negative effects the higher tax may bring. it works out to just about $54 billion. cabinet ministers are hoping the measure will help the economy keep expanding and want to support low income earners who might be affected by the tax hike. nearly $14 billion will go to sharpening japan's competitive edge. officials will use the money to promote research and development on new medicines and invest in infrastructure projects for the 2020 tokyo olympics. they've earmarked about $6 billion to people with low incomes and subsidies for home buyers. $3 billion to welfare programs. the ministers also want to speed up recovery for those hit by the march 2011 disaster. it includes $30 billion to improve reconstruction and improve disaster preparedness. it will support evacuees returning to their home near the fukushima daiichi plant. he says his top priority is reviving the economy and rebalancing the budget. >> translator: execution of these measures is needed to put the economy on a solid recovery path. >> the cabinet says the stimulus measures will boost japan's gross domestic pattern by 1%
of the consumption tax hike next april. workers at many factories say they are receiving more orders. we also got news on the index for the business outlook. it rose 0.3 points to 54.8. that makes for the third safe monthly rise. this reflects optimistic views for the year end shopping season. the cabinet office also upgraded its economic assessment. it previously said the economy is recovering steady. many respondents do expect demand to rise ahead of the consumption tax hike but some people are already voicing concern consumption could fall after that. >>> on to the markets now, investors around the world encouraged by chinese trade data. they believe export numbers showed a pickup and the upward momentum is somewhat overshadowed of the fed may scale down its asset buying program. london down, frankfurt a gain of .1 of a percent. in asia, markets advance for the most part. tokyo's nikkei saw a 2.3% gain. that's the biggest daily advance since early september. a weaker yen boosted a wide range of shares today. also news about political happenings helped mumbai and bangkok shares. pro business pa
that no employer will have an advantage not to supply health care because those who don't will be taxed to put into a fund which would be part of the payment... making insurance available for everyone. now, out of that process, whether we end up with a single-payer system the way the canadians have, or still multiple payers and multiple players, but everybody having, in effect, a card which says i get in the front door of health care, remains to be seen. i think ultimately we'll see all of health coverage covered under a federal plan. we'll fund it through some form of progressive income tax, a model very similar to what's offered in germany, where people opt into sickness funds and pay a percentage of their income to be covered in one of those funds. ultimately, that's where we need to get to. until we decide that we're just not willing to take that risk and have the government use the surplus or raise taxes, we're not going to make a lot of progress. just where these discussions will end is still in question. what is not in question is the importance of a healthy population to the health of
established a fast track law. the latest development law gives some very handsome tax relief and subsidies that can go all the way up to 50%, 55% of investment compared to the sector of the area. these are major and smaller changes that render the environment a lot friendlier and welcoming to international investors. >> he says the greek government is planning to develop a port near athens and turn it into a hub for ocean transport between europe and asia. >>> all right, that is going to wrap it up for biz tonight. let's get another check of the markets. >>> u.s. defense officials are preparing to dispatch a ship to help destroy syria's chemical weapons. they say they plan to test their system next month. officials from the organization for the prohibition of chemical weapons and the united nations are overseeing the destruction of the weapons. they intend to dispose more than 1,000 tons of chemical agents by the middle of next year. they plan to transport the most hazardous substances out of the country by the end of this month to destroy them at sea. pentagon officials say two chemical p
of activity. all of them survival in welfare benefits. people complain that we live off their tax money, he says, but if they would give us work, we could earn our own money. his sister chimes in, the cz echs think we are lazy. that is not true, we would like to work, but how? the apartment is not just small. it is also expensive. his sister wants to move, but their chances of finding a new place are slim because of their name, their parents, and their their appearance, and their accent. this apartment belongs to another roma. he is profiting from their desperation. his sister shows us the bathroom. it's the only place we can store anything, she says. the washing machine is also broken, she laughs. that is all the family needs. this is the school nearest to the roma neighborhood. he used to go here. it is a special school. the principal has worked here for over 20 years. an above-average number of roma children and up here because this school is so close to their homes. and because other schools don't consider the disadvantages they face in their entrance tests. but they are not stupid. it
taxes. until europe works out some of these kinks in its new currency, the euro will ve trouble establishing itself as a global reserve currency to rival the dollar. what in the world is a dollar worth? well, since the 1970s, we've learned to let the markets decide, with a little help from its friends at the treasury department and finance ministries of the big industrial nations. what difference does it make? well, with imports, exports, and jobs here and abroad hanging on whether currencies go up or down, it makes all the difference in the world. what's ahead for the dollar? well, no one can say for sure, but you can bet there'll be more ups and downs, more attempts at international coordination, and, with the euro, a new and more powerful currency in world markets, a new and more powerful partner in currency coordination meetings. for "economics u$a," i'm david schoumacher. i'll get that one. must be careful. well, that's a nice picture. come on, anna. ok. announcer: foreclosure doesn't affect just you. it affects your whole family, too. if you've fallen behind on your mortga
tax hike next april. industry groups say more than 457,000 vehicles were sold last month, up 16% year on year. honda's sales surged about 48%. nissan showed a gain of more than 15% and toyota 1.5%. officials of the japan automobile dealers association say sales increased as automakers rolled out new models. they predict that the uptrend is likely to continue for a while. >>> japan's minister for negotiating the transpacific partnership free trade pact has fallen ill. he was driving to seal a deal by year end, but officials say he's likely to stay in hospital for a few days. the economic revitalization minister felt unwell on monday at a crucial juncture for the talks. amari met michael froman on sunday. amari is also in charge of new economic measures. leaders hope to finalize this week. but chief cabinet secretary suga said trade negotiations will stay their course. he said amari will give instructions from hospital. ministers regrouped on saturday for more tpp talks. officials will decide if amari attends pending more information about his condition. >>> let's check on the markets n
by market officials. the system reduces misunderstandings, but mainly it creates records for tax purposes. when an economy becomes this complex, it opens up more opportunities for the state to collect a percentage for itself. such complexity also increases the need t is the job of haaj abdelaziz sakkout. interpreter: if the brokers have a problem, they come to us. we all solve the problem. even if we fight first, we solve the problem. keach: mr. sakkout is employed by market officials. he occasionally serves as auctioneer if asked, but in the main, his job is to settle disputes. everyone in the fez tanning industry is dependent upon others. the man who dries the finished skins cannot function without those who remove the hair, or without any of the other specialists in the trade. with so many dependent upon forces outside their control, new institutions inevitably develop. in fez, every specialty within the tanning industry has its own guild or craft association. the guilds serve their members by setting standards, restricting membership and controlling prices whenever possible. but perha
Search Results 0 to 10 of about 11 (some duplicates have been removed)